Explanation:

Net National Product at the market prices (NNPMP) refers to the total market value of all the final goods and services produced by the normal residents of a country both within the domestic territory as well as outside the country NNPFC refers to the aggregate of all factor incomes earned by those factors of production that are normal residents of a country both within the domestic territory as well as abroad. Under this indirect taxes and subsidies are taken into account. The impact of subsidies and indirect taxes is not taken into consideration. NNPMP = NNPFC­+ Net Indirect Taxes